Uzawa(1961)’s Steady-State Theorem in Malthusian Model
This paper proves that there is a similar Uzawa (1961) steady-state growth theorem in a Malthusian model: If that model possesses steady-state growth, then technical change must be purely land-augmenting and cannot include labor augmentation.
|Date of creation:||Apr 2014|
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- H. Uzawa, 1961. "Neutral Inventions and the Stability of Growth Equilibrium," Review of Economic Studies, Oxford University Press, vol. 28(2), pages 117-124.
- Daron Acemoglu, 2003.
"Labor- And Capital-Augmenting Technical Change,"
Journal of the European Economic Association,
MIT Press, vol. 1(1), pages 1-37, 03.
- Daron Acemoglu, 2000. "Labor- and Capital- Augmenting Technical Change," NBER Working Papers 7544, National Bureau of Economic Research, Inc.
- Andreas Irmen, 2004. "Malthus and Solow - a note on closed-form solutions," Economics Bulletin, AccessEcon, vol. 10(6), pages 1-6. Full references (including those not matched with items on IDEAS)
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